XCV.TO vs. FCUV.TO
XCV.TO (iShares Canadian Value Index ETF) and FCUV.TO (Fidelity U.S. Value ETF) are both exchange-traded funds - XCV.TO is a Canada Equities fund tracking the Morningstar Canada GR CAD, while FCUV.TO is a Large Cap Value Equities fund tracking the Fidelity Canada U.S. Value Index. Both are passively managed. Over the past 5 years, XCV.TO returned 17.83%/yr vs 21.89%/yr for FCUV.TO. A 0.51 correlation means they provide meaningful diversification when combined. XCV.TO charges 0.55%/yr vs 0.38%/yr for FCUV.TO.
Performance
XCV.TO vs. FCUV.TO - Performance Comparison
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Returns By Period
In the year-to-date period, XCV.TO achieves a 19.17% return, which is significantly higher than FCUV.TO's 15.14% return.
XCV.TO
- 1D
- -0.02%
- 1M
- 4.70%
- YTD
- 19.17%
- 6M
- 19.26%
- 1Y
- 44.26%
- 3Y*
- 27.30%
- 5Y*
- 17.83%
- 10Y*
- 13.20%
FCUV.TO
- 1D
- 0.33%
- 1M
- 8.58%
- YTD
- 15.14%
- 6M
- 12.61%
- 1Y
- 34.52%
- 3Y*
- 26.57%
- 5Y*
- 21.89%
- 10Y*
- —
XCV.TO vs. FCUV.TO - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
XCV.TO iShares Canadian Value Index ETF | 19.17% | 32.17% | 21.26% | 9.47% | 1.87% | 32.71% | 14.47% |
FCUV.TO Fidelity U.S. Value ETF | 15.14% | 14.80% | 35.81% | 19.98% | 2.58% | 38.55% | 10.80% |
Correlation
The correlation between XCV.TO and FCUV.TO is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Jun 11, 2020 | 0.51 |
The correlation between XCV.TO and FCUV.TO shifts across timeframes, from 0.43 (1 year) to 0.56 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
XCV.TO vs. FCUV.TO — Risk / Return Rank
XCV.TO
FCUV.TO
XCV.TO vs. FCUV.TO - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Canadian Value Index ETF (XCV.TO) and Fidelity U.S. Value ETF (FCUV.TO). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| XCV.TO | FCUV.TO | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.51 | ||
| Sortino ratioReturn per unit of downside risk | +3.29 | ||
| Omega ratioGain probability vs. loss probability | 2.03 | 1.44 | +0.59 |
| Calmar ratioReturn relative to maximum drawdown | 11.53 | 5.18 | +6.35 |
| Martin ratioReturn relative to average drawdown | 43.47 | 18.28 | +25.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| XCV.TO | FCUV.TO | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.97 | 2.46 | +2.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.39 | 1.45 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.85 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 1.55 | -1.01 |
Drawdowns
XCV.TO vs. FCUV.TO - Drawdown Comparison
The maximum XCV.TO drawdown since its inception was -52.49%, which is greater than FCUV.TO's maximum drawdown of -16.47%. Use the drawdown chart below to compare losses from any high point for XCV.TO and FCUV.TO.
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Drawdown Indicators
| XCV.TO | FCUV.TO | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.49% | -16.47% | -36.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.86% | -6.70% | +2.84% |
Max Drawdown (3Y)Largest decline over 3 years | -9.71% | -16.47% | +6.76% |
Max Drawdown (5Y)Largest decline over 5 years | -18.08% | -16.47% | -1.61% |
Max Drawdown (10Y)Largest decline over 10 years | -41.18% | — | — |
Current DrawdownCurrent decline from peak | -0.89% | -1.17% | +0.28% |
Average DrawdownAverage peak-to-trough decline | -6.67% | -2.52% | -4.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.02% | 1.90% | -0.88% |
Volatility
XCV.TO vs. FCUV.TO - Volatility Comparison
The current volatility for iShares Canadian Value Index ETF (XCV.TO) is 3.27%, while Fidelity U.S. Value ETF (FCUV.TO) has a volatility of 5.31%. This indicates that XCV.TO experiences smaller price fluctuations and is considered to be less risky than FCUV.TO based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCV.TO | FCUV.TO | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.27% | 5.31% | -2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 10.95% | -3.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.96% | 14.13% | -5.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.87% | 15.14% | -2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.54% | 14.72% | +0.82% |
XCV.TO vs. FCUV.TO - Expense Ratio Comparison
XCV.TO has a 0.55% expense ratio, which is higher than FCUV.TO's 0.38% expense ratio.
Dividends
XCV.TO vs. FCUV.TO - Dividend Comparison
XCV.TO's dividend yield for the trailing twelve months is around 2.29%, more than FCUV.TO's 0.91% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
FCUV.TO Fidelity U.S. Value ETF | 0.91% | 1.13% | 1.03% | 1.42% | 2.71% | 1.40% | 1.14% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
XCV.TO iShares Canadian Value Index ETF | 2.29% | 2.71% | 3.72% | 3.88% | 3.18% | 2.11% | 3.35% | 3.06% | 3.13% | 2.40% | 2.50% | 3.14% |
Frequently Asked Questions
XCV.TO and FCUV.TO have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FCUV.TO is cheaper at 0.38% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FCUV.TO is cheaper with a 0.38% expense ratio, compared with 0.55% for XCV.TO.
XCV.TO is categorized as Canada Equities, while FCUV.TO is Large Cap Value Equities. XCV.TO tracks Morningstar Canada GR CAD, while FCUV.TO tracks Fidelity Canada U.S. Value Index. They also come from different issuers: iShares and Fidelity. Their fees differ too: 0.55% for XCV.TO and 0.38% for FCUV.TO.
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